Organizational and People Issues
Wednesday, January 25, 2017
6:00pm to 9:00pm, Room: 10-250
Part 1: Business Models
You have determined who wants your product or service. Now the most important question "How
Do You Make Money"? or for non-profit ventures "How Do You Create a Sustainable Venture"? This session will discuss Business Models.
What are some common business models and when are they most appropriately
- Christensen, Clayton and Raynor, Michael, The Innovator's Solution, Harvard Business School Press, Chapter 2 "How Can We Beat Our Most Powerful Competitors" See, Course Reader.
- Although it is not included in the Course Reader, we recommend the book Business Model Generation as a useful framework for thinking about Business Models. For the class please review:
Serial Healthcare Industry Entrepreneur
Read His Bio Here.
Part 2: Organizational and People Issues
Most ventures which fail do so because of people issues, not technology, market or funding issues. What people are needed to take the Venture Plan from paper to reality? How do you identify good team members and avoid problems? Building an External Team and an Internal Team. Developing and implementing a philosophy for the business.
Timmons, Jeffrey A., New Venture Creation- Entrepreneurship for the 21st Century, Chapter 7 "The New Venture Team". See, Course Reader.
MIT Media Lab, Lecturer
||To Be Posted Following Session